Small Business Financial Exchange
Nonprofit profile at a glance
- EIN
- 364484037
- IRS 990 coverage
- 2010–2012
- Forms available
- Form 990 2012
- Location
- Beachwood, OH, USA
- Phone
- 2162929155
- Rating confidence
- Limited
Reported finances
- Revenue
- $352,931
- Expenses
- $252,641
- Assets
- $726,199
- Liabilities
- $28,176
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
23 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Small business financial exchange's charter specifies four purposes for the organization, as follows: (1) holding meetings of members to provide seminars and workshops concerning issues relevant to extensions of credit, risk management, and collection efforts in the financial industry; (2) promote the exchange of small business credit information among financial institutions; (3) provide a forum for the exchange of ideas and advancements relating to credit issues in the financial industry; and (4) pursuing other methods to educate members of the small business financial exchange and the public about issues relating to small business credit information. Small business financial exchange was formed by financial institutions in an effort to make credit more widely available to the small business community by pooling information that is not commercially available but which is required for lending decisions. Small businesses are a significant sector of the national economy but face larger o
What it reported doing in 2012
See schedule o for complete information.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 69
- Sustainability: 67
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 28.4%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.87; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 41.8%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -10.2% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: 28.3% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 22 of 22 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $253K in reported program spending
- Leadership: top reported pay $211K · 23 people listed · 3 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 3 filing years from 2010 to 2012
- Related organizations: 1 filed related-organization link
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.